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Sentiment improves as China data boosts hopes of 5% growth
The government’s recent 2023 growth target of ‘around’ 5% seems to be on track according to the NBS, which helped commodity FX and indices rise during the Asian session.
China’s economy is expanding again, according to official data (USD/CNH)
The National Bureau of Statistics China (NBS) released PMI data this week which shows both the manufacturing and services sector are expanding.
China data beats low expectations - USD/CNH oversold?
China’s economy avoided contracting in Q4 according to today’s GDP figures, even if 0% q/q leaves little to be desired.
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Good news from China helps lift AUD/USD
It seems that the Chinese government is willing to help with additional measures.
Equities and oil rise on China reopening, US CPI in focus
Sentiment was given another boost ahead of today’s US CPI report with China continuing to scale back restrictions and suggesting international travel could be on the horizon.
China PMI’s disappoint, Jerome Powell in focus
China’s PMI’s may contracted at their fastest pace in 6-months, but hopes of China reopening have remained the focus to support sentiment.
Copper turns red as China concerns mount
The situation is escalating, and people don’t want to be caught offside with the weekend fast approaching.
The Chinese yuan and the Hang Seng are in freefall
Whilst the yuan has continued to decline against the US dollar, its weakness can be noted against several currencies as China let’s their currency slide.
The Chinese yuan and the Hang Seng are in freefall
Whilst the yuan has continued to decline against the US dollar, its weakness can be noted against several currencies as China let’s their currency slide.
Yuan, Chinese stocks tumble as economic concerns grow
China is struggling to restore confidence among investors
Yuan, Chinese stocks tumble as economic concerns grow
China is struggling to restore confidence among investors
Gold eyes fresh breakdown as China fears add fuel to fire
It was always going to be an uphill struggle for the metal...
Gold eyes fresh breakdown as China fears add fuel to fire
It was always going to be an uphill struggle for the metal...
USD/CNH closed above 7.000 for first time in 26-months
Despite attempts to stabilise the yuan, USD/CNH has reached 7.000 as policies between the Fed and PBOC continue to widen.
USD/CNH almost at 7.00 as concerns over China intensify
When China sneezes, the world usually catches a cold – and that’s precisely how the markets have reacted so far.
China’s PMI’s continue to underperform, USD/CNH bulls eye 7.00
The National Bureau of Statistics of China (NBS) released PMI data for China, and is another data set which underperforms relative to expectations.
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The 200-day MA comes to the rescue for the #SP500 - with no thanks to #Yellen for *not* providing blanket insurance for US deposits, and #Powell insisting on 'fighting #inflation' Sentiment is back to the fragile stage! Short bias for #AUD remains (note 200-day MA capped… https://t.co/9EKqinocLv https://t.co/WgPEOIYW2l
9:59 PM − 22 Mar 2023
Additional China stimulus helps stimulate the Aussie
Earlier today, China announced 19 additional policies to help the economy, worth $146 billion. These policies will primarily support infrastructure projects.
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Could the PBOC allow USD/CNH to head for 7.000
USD/CNH enjoyed its best day since the pandemic yesterday following China’s weak data, as the PBOC seemingly want to allow their currency to slide to help support the economy.
AUD/USD: Where to next?
With poor economic data and a rate cut from China, it was almost a perfect storm for commodity currencies to sell off, particularly, AUD/USD.
WTI lower, but it has little to do with the upcoming OPEC+ meeting
With negative manufacturing data beginning in China and continuing throughout the US session, WTI Crude Oil has been trading lower, down nearly 5% on Monday.
US Yields on the move again. What does it mean for USD/JPY?
US 10-year yields and USD/JPY have a strong, positive correlation with a correlation coefficient of +0.92.
China set to reopen; Good news for the Yuan?
China is back and looking to move forward. With some help from the government, the trough in the PMI data may be behind us.
Chinese yuan, stocks and commodities slump
Just when you thought the c-word was no more a thing for the markets…